CoinVoice

CoinVoice has recently learned that, according to a report by Coindesk, Sky (formerly MakerDAO) lost 5 million dollars in the first quarter of this year due to the doubling of interest paid to token holders.
This loss stands in stark contrast to the previous quarter, when Sky achieved a profit of 31 million dollars. The main reason for the 102% increase in interest expenses is that Sky decided to incentivize users to adopt its newly launched stablecoin Sky Dollar (USDS) to replace the existing DAI.
View OriginalThis loss stands in stark contrast to the previous quarter, when Sky achieved a profit of 31 million dollars. The main reason for the 102% increase in interest expenses is that Sky decided to incentivize users to adopt its newly launched stablecoin Sky Dollar (USDS) to replace the existing DAI.